Financial trading and spread betting outfit IFX reported a ten fold increase in first half profit boosted by its recently acquired US FX business and restructuring.
Pre-tax profit rose to £1.9m in the six months ended 30 September from £0.2m a year earlier. Sales for the period rose to £12.8m from £8m in 2004.
The interim dividend [...]
pread betting traders are sitting on large net long positions in silver, which tore through the $8.00 barrier in the middle of November and has pressed even higher.
Bookmakers such as Capital Spreads and IG Index report that clients are favouring silver, even as gold approaches the $500-a-troy-ounce level.
The silver move is intriguing because this precious [...]
WorldSpreads — the Irish financial spread betting company and owner of SportsSpreads — plans to float on the stock market this time next year. The company, founded by former Dublin bankers Conor Foley and Brian O’Neill, is set to appoint an adviser to guide the company to a listing. It has also recently attracted three [...]
An apology is almost in order. The promise of thrills and spills has not been met and for the second week running the portfolio moved less than a tenner. I can only plead that it’s not deliberate. As promised, more money has gone on the table. I added six names to the portfolio last week [...]
There may only be one person in the world who knows for sure what is happening in the copper market – and even he may not have the full picture.
Prices have been moving up and down like a trampolinist on steroids as rumours about what the Chinese might do next and the size of a [...]
Every twist in the market can seem full of meaning if you stare hard enough, but last week had the look of something genuinely different. It was the breadth of the buying that impressed. The FTSE 100 touched a four-year high and the Mid 250 index achieved an all-time record. Japan is almost at a [...]
Spread betting punters doubt that the stock market is going to enjoy its traditional end-of-year rally, and many have positioned themselves for a downward move.
Finspreads said that its clients active in stock indices are mostly short of the Dow Jones Industrial Average and the S%P500 index, and to a lesser extent, the FTSE100.
IG Index reported [...]
Since August 2005 investors have been reaping profits from a number of financial markets.
Gold, oil and equities have all proved happy hunting grounds but the most successful of all has been foreign exchange, particularly for those who have taken a bullish view on the prospects of the greenback.
The US dollar had been under a cloud [...]